2 Bed Flat, Single Let, Cramlington, NE23 6PH, £69,000

Winster Place, Cramlington, NE23 6PH - 3 months ago

Under Offer
Leasehold
BTL
ROI: 9%
~68 m²
+8 photos

ValuationUndervalued

Sold Prices£40K - £160K
Sold Prices/m²£756/m² - £1.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1K/m²

Value Estimate

£84,870
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£17,250

Stamp Duty & Legal Fees

£4,650

Total Cash In

£21,900

 

 

Cash Out

 

Rent Range

£495 - £875

Rent Estimate

£495

Running Costs/mo

£335

Cashflow/mo

£160

Cashflow/yr

£1,925

ROI

9%

Gross Yield

9%

Local Sold Prices

49 sold prices from £40K to £160K, average is £76.5K. £756/m² to £1.9K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£80.5K09/220 mi21, Winster Place, Cramlington, Northumberland NE23 6PH2
£64K06/210.04 mi8, Windermere Close, Cramlington, Northumberland NE23 6PQ2
£70K08/220.04 mi30, Windermere Close, Cramlington, Northumberland NE23 6PQ2
£73.3K05/220.05 mi12, Windermere Close, Cramlington, Northumberland NE23 6PQ2
£100K06/230.09 mi31, Greystoke Place, Cramlington, Northumberland NE23 6NL2
£71K01/210.12 mi12, Greenlaw Road, Cramlington, Northumberland NE23 6NN2
£63K07/230.13 mi21, Grey Avenue, Cramlington, Northumberland NE23 6PR2
£79K07/220.18 mi52, Wedder Law, Cramlington, Northumberland NE23 6PA2
£74K03/230.18 mi17, Glenluce Drive, Cramlington, Northumberland NE23 6PS2
£50.5K04/210.2 mi33, Wedder Law, Cramlington, Northumberland NE23 6LR2
£97K02/210.21 mi5, Grantham Place, Cramlington, Northumberland NE23 6EQ2
£80K09/220.21 mi27, Wedder Law, Cramlington, Northumberland NE23 6LR2
£83K02/210.22 mi78, Gresham Close, Cramlington, Northumberland NE23 6EJ2
£160K11/230.27 mi4, Wilton Close, Cramlington, Northumberland NE23 6LY2
£71K11/210.28 mi74, Westerkirk, Cramlington, Northumberland NE23 6NE2
£80K08/210.3 mi65, Wreay Walk, Cramlington, Northumberland NE23 6PB2
£83K02/230.31 mi37, Wreay Walk, Cramlington, Northumberland NE23 6LJ2
£75K05/210.31 mi15, Wreay Walk, Cramlington, Northumberland NE23 6LJ2
£80K12/200.31 mi43, Wreay Walk, Cramlington, Northumberland NE23 6LJ2
£53.5K06/210.31 mi7, Wreay Walk, Cramlington, Northumberland NE23 6LJ2
£70K04/210.35 mi12, Wreay Walk, Cramlington, Northumberland NE23 6LL2
£77.5K04/230.35 mi46, Wreay Walk, Cramlington, Northumberland NE23 6LL2
£72K10/210.4 mi105, Cramond Way, Cramlington, Northumberland NE23 6LB2
£55K08/230.4 mi67, Winshields, Cramlington, Northumberland NE23 6JB2
£60K03/210.43 mi4, Woodhill Road, Cramlington, Northumberland NE23 6JQ2
£54K11/210.43 mi10, Woodhill Road, Cramlington, Northumberland NE23 6JQ2
£89K11/220.43 mi37, Crofthead Drive, Cramlington, Northumberland NE23 6LG2
£73.5K11/220.43 mi45, Coomside, Cramlington, Northumberland NE23 6HW2
£64K06/210.46 mi7, Weetwood Road, Cramlington, Northumberland NE23 6HT2
£76.5K11/210.46 mi13, Weetwood Road, Cramlington, Northumberland NE23 6HT2
£76K11/200.47 mi46, Whitelaw Place, Cramlington, Northumberland NE23 6HY2
£49.5K11/200.52 mi28, Alexandra Way, Cramlington, Northumberland NE23 6EB2
£77K06/220.52 mi3, Craigend, Cramlington, Northumberland NE23 6LF2
£69K05/220.53 mi25, Alexandra Way, Cramlington, Northumberland NE23 6EA2
£79K04/210.53 mi41, Highburn, Cramlington, Northumberland NE23 6AZ2
£46K07/220.53 mi32, Alexandra Way, Cramlington, Northumberland NE23 6EB2
£40K05/210.55 mi101, Doxford Place, Cramlington, Northumberland NE23 6DX2
£84K03/230.57 mi33, Monkside, Cramlington, Northumberland NE23 6JT2
£76.5K01/210.57 mi51, Monkside, Cramlington, Northumberland NE23 6JT2
£77K05/220.57 mi71, Monkside, Cramlington, Northumberland NE23 6JT2
£62K05/210.73 mi21, Harwood Close, Cramlington, Northumberland NE23 6AW2
£113K08/230.73 mi31, Harwood Close, Cramlington, Northumberland NE23 6AW2
£95K01/230.75 mi18, Harwood Close, Cramlington, Northumberland NE23 6AN2
£109K07/220.81 mi64, Mirlaw Road, Cramlington, Northumberland NE23 6UA2
£95K08/230.86 mi40, Minting Place, Cramlington, Northumberland NE23 6AX2
£95K12/201 mi16, East View Avenue, Cramlington, Northumberland NE23 1DY2
£90K07/211 mi5, East View Avenue, Cramlington, Northumberland NE23 1DY2
£100K10/221 mi16, East View Avenue, Cramlington, Northumberland NE23 1DY2
£112K11/221 mi11, East View Avenue, Cramlington, Northumberland NE23 1DY2

Local Rents

24 rents from £495/mo to £875/mo, average is £650/mo.

RentDateDistanceAddressBeds 
£49507/240.04 miWindermere Close, Southfield Lea, Cramlington2
£49512/240.04 miWindermere Close, Southfield Lea, Cramlington2
£62502/240.31 mi-2
£65002/240.32 mi-2
£65006/240.36 miChirnside, Cramlington, Northumberland, NE23 6LQ2
£65007/240.39 miChirnside, Cramlington, NE232
£85005/240.41 mi-2
£87505/240.45 miCairnsmore Close, Cramlington2
£70005/240.7 miCoanwood Drive, Cramlington2
£62502/250.71 mi-2
£52505/240.71 miDewley, Cramlington2
£67508/240.73 mi-2
£59505/240.82 miDipton Grove, Cramlington, Northumberland2
£75006/240.83 miTwo Bedroom Semi Detached - Chipchase Avenue, Cramlington2
£75007/240.83 miTwo Bedroom Semi Detached - Chipchase Avenue, Cramlington2
£79504/250.85 mi-2
£64005/240.92 mi-2
£64005/240.92 mi-2
£62012/230.99 mi-2
£69507/241 miEast View Avenue, Newcastle2
£59507/241 miEvergreen Court, High Pit Road, Cramlington, Northumberland, NE232
£75006/241.11 mi-2
£75006/241.11 mi-2
£65006/241.16 miLindsey Close, Cramlington, NE232

Local Area Statistics

Population in NE23

39,162

Population in Cramlington

39,226

Town centre distance

1.14 miles away

Nearest school

0.10 miles away

Nearest train station

1.28 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-10%

Sales demand

Seller's market

Capital growth (5yrs)

+31%

Property History

Price changed to £69,000

March 4, 2025

Price changed to £71,000

February 16, 2025

Price changed to £78,000

January 31, 2025

Listed for £80,000

January 18, 2025

Floor Plans

Description

  • Buy-to-Let Opportunity +
  • Long Term Tenant Currently Situated +
  • Likely to attract enquiries from Serious Investors & Developers +
  • Garden Ground Space +
  • Modern Kitchen +
  • INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack) +

Our latest listing is a 2 Bedroom Flat located in Cramlington. It is in close proximity to valuable amenities, is able to generate rewarding rental returns and has a tenant currently situated.

For investors looking to expand their portfolio, this is a fantastic opportunity!

This well-kept home features 2 bedrooms, a modern kitchen and a garden ground space.

Investment details

It currently produces an annual gross income of £7200 which could be increased by the new owner to a market rate of £7344 with long term tenants currently situated. Considering the purchase price, this will make for a worthwhile addition to an investors property portfolio.

For greater detail on this property's investment potential, please see the Let Property Pack linked below.

If you are interested, please call us.

Tenancy Details

The current tenants have lived in the property for several years and have consistently paid their rent for the duration of their stay. They do not have any intentions to move out so hope to remain in the property.

Let Property Sales are committed to facilitating a smooth transaction process and to allow for maximum commitment to the sale from both parties, a fully refundable buyers premium may apply to secure a property. This amount is not an additional cost and is refunded in the event of non completion.

Agent Details

Let Property Sales & Management, Glasgow

0141 673 7973

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪